Company X Has Net Sales Revenue of $1,250,000,cost of Goods

question 101

Multiple Choice

Company X has net sales revenue of $1,250,000,cost of goods sold of $760,000,and all other expenses of $290,000.The beginning balance of shareholders' equity is $400,000 and the beginning balance of fixed assets is $361,000.The ending balance of shareholders' equity is $600,000 and the ending balance of fixed assets is $389,000.What is the fixed asset turnover ratio?

• A)0.53
• B)2.50
• C)3.33
• D)0.80

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Definitions:

Interpersonally Related

Pertaining to or involving relationships or interactions between people.

Process-oriented

Focusing on the methods or journey taken to achieve an outcome, rather than the outcome itself.

Noticeable

Easily seen or recognized; capable of being noticed or attracting attention.

Collaborative Construction

A process or approach where multiple individuals or groups work together to create or build something, often involving collective planning, decision-making, and execution.